Five Overreactions To Obama’s Fiscal Cliff Proposal

Five Overreactions To Obama’s Fiscal Cliff Proposal: Yesterday, the Obama administration unveiled its proposal to avert the looming fiscal showdown. The plan included $1.6 trillion in increased taxes on the rich over the next decade, $400 billion in savings to be found in Medicare and other social programs, $50 billion in stimulus spending to begin next year, and an end to current [...]/p